How has the economy of India been transformed since the reforms of 1991?

What will be an ideal response?


Prior to this date, India exhibited numerous protectionist regulations, including high tariffs and other trade barriers. Since 1991, however, India has attempted to globalize its economy; many regulations were eliminated, tariffs reduced, and partial foreign ownership of local businesses was allowed.

Environmental & Atmospheric Sciences

You might also like to view...

A nation with a low GNP might actually be wealthier than it appears because GNP does not take into account

A) corporate goods and services produced domestically. B) internal capital depreciation such as buildings and equipment. C) ecosystem services and goods created by families. D) bank assets, stocks, and bonds.

Environmental & Atmospheric Sciences

Which of the following is true relative to the Earth-atmosphere radiation system?

A) Averaged over a year, Earth's surface has an energy budget. B) Averaged over a year, Earth's surface has an energy deficit. C) Averaged over a year, Earth's atmosphere has an energy budget. D) The Earth's energy is never in balance because surface surpluses are greater than atmosphere deficits.

Environmental & Atmospheric Sciences

Distance learning is a form of e-commerce

Indicate whether the statement is true or false

Environmental & Atmospheric Sciences

The stratified horizontal layers of soils are called soil ________.

A. Horizons B. Profiles C. Textures D. Classifications E. Types

Environmental & Atmospheric Sciences